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All Forum Posts by: Jonathan Kessous

Jonathan Kessous has started 11 posts and replied 40 times.

Post: Real Estate issues you encountered and how you solved them

Jonathan KessousPosted
  • Rental Property Investor
  • cleveland, OH
  • Posts 51
  • Votes 8

Hi All,

I am trying to gather problems and solutions we each encountered during our rehab/selling point, etc.

The purpose of this post is to summarized it in one post for educational purposes.
i would really appreciated your involvement.

thanks

Post: West 98 and Larnder Ave (Cleveland)

Jonathan KessousPosted
  • Rental Property Investor
  • cleveland, OH
  • Posts 51
  • Votes 8

Post: West 98 and Larnder Ave (Cleveland)

Jonathan KessousPosted
  • Rental Property Investor
  • cleveland, OH
  • Posts 51
  • Votes 8

thanks

i know this guide - some of it is not that accurate this is why i am asking.

I have an apartment building in a class C but according to his zipcode guide it shows its a A area.

Post: West 98 and Larnder Ave (Cleveland)

Jonathan KessousPosted
  • Rental Property Investor
  • cleveland, OH
  • Posts 51
  • Votes 8

Hi All,

I have an option to buy a duplex in West 98th St and Larnder Ave.

As there are a lot of "Class Rank" Maps can anyone tell from their experience what zone is it? C? D?

thanks

Post: Question About Notes

Jonathan KessousPosted
  • Rental Property Investor
  • cleveland, OH
  • Posts 51
  • Votes 8
Originally posted by @Eric Hyde:

PM me whatever you’d like me to look at.

Hi

I tried to PM you and i sent you a friend request.

please let me know if you received it.

thanks

Post: Question About Notes

Jonathan KessousPosted
  • Rental Property Investor
  • cleveland, OH
  • Posts 51
  • Votes 8

Chris SeveneyEd W. if you can assist as well it will be great.

thanks for everything

Post: Question About Notes

Jonathan KessousPosted
  • Rental Property Investor
  • cleveland, OH
  • Posts 51
  • Votes 8

Thank you all for the response.

Eric Hyde can you please explain how you got to the 60%?

I have the papers on this note. Can you have a glance and let me know what you think?
thanks

Post: Question About Notes

Jonathan KessousPosted
  • Rental Property Investor
  • cleveland, OH
  • Posts 51
  • Votes 8

Hi Eric Hyde

Thanks for the info. I dont know if this is a legit seller (i spoke with him over the phone, I met him on connected investors) i know he is selling another one.

The balance on the property is $35,000 there is a tax lien on the house ($4000) and he is selling the note for $17,000. she stopped paying about 5 months ago.

I ran comps on the property and the value is between $63,000 - $72,000.

The home owner is running a boutique in the house and she filed for bankruptcy and the hearing is in 10 days. According to my understanding she filed for bankruptcy last year but the court didn't accept it.

I know that my options are as following. In case the court gets her bankruptcy then the court will decide how much she needs to pay monthly. In case the court doesn't accept than i need to foreclose on her.

Small noob question regarding this and foreclosure. In case i file for a foreclosure i need to sell the house on auction or i can keep it once i pay the tax lien on the house?

thanks

Jonathan

Post: Question About Notes

Jonathan KessousPosted
  • Rental Property Investor
  • cleveland, OH
  • Posts 51
  • Votes 8

Hi All,

I have an option to buy a non-performing note from a Notes wholesaler. Before i jump into this (i am new to this) I would like to know if some of you who have done it can assist. I know I will need to hire an attorney to check the note and see what it is legit.

I have a few questions.

Do you use an escrow when purchasing a note?

What needs to be checked prior? 

If you have some tips or a good attorney in Columbus, Ohio let me know.

thanks

Post: Cleveland OH investing?

Jonathan KessousPosted
  • Rental Property Investor
  • cleveland, OH
  • Posts 51
  • Votes 8

HI All,

I am looking for investment properties in Cleveland for both fix & flip and Buy, Fix and Hold.
Looking for properties like Jorge Garcia is doing.

If you have anything let me know.

thanks